(15% Cash On Cash Return!) Little Pepper Mobile Home Park (Seller Financing Available!)

Highlights:

• (14-UNIT) MOBILE HOME PARK IN SEFFNER, FL!
• 100% OCCUPIED!
• LONG-TERM TENANTS IN PLACE, WITH OVER 50% ON MONTH-TO-MONTH LEASES!
• THIS ALLOWS THE BUYER TO RAISE RENTAL RATES INSTANTLY!
• AMAZING SELLER FINANCING AVAILABLE! APPROX TERMS: $1,000,000 DOWN PAYMENT, FIXED IR: (YEARS 1-2): 5%, (YEAR 3): 5.5%, (YEARS 4-5): 6%.
• INTEREST-ONLY PAYMENTS, AND A 5-YEAR BALLOON!
• 13% CASH-ON-CASH RETURN AND 8.5% CAP RATE IN PLACE!
• 15% CASH-ON-CASH RETURN & 9.5% CAP RATE IN 2026!
• 17% CASH-ON-CASH RETURN & 10% CAP RATE IN 2027!
• CURRENT RENTAL RATES ARE APPROXIMATELY $200-$250 BELOW THE MARKET AVERAGE! ALL UNITS HAVE BEEN RENOVATED IN THE PAST 3-5 YEARS!

Description:

The Little Pepper Mobile Home Park Is A 14 Unit Park Located On A 3.1 Acre Lot In Seffner, Fl! Seffner Is Located Just 13 Miles From Downtown Tampa And Is One Of The Largest Rental Markets For Mobile Homes In The State Of Florida! The Demand For Mobile Home Units To Rent Is Through The Roof! The Owners Even Have A Waiting List Of Potential Tenants If/When A Unit Becomes Available!

The Park Has Been In Operation For Over 20 Years & Is Currently 100% Occupied. All Units Have Been Renovated In The Past 3 5 Years And Produce Some Of The Best Returns You Will Find In The Tampa Bay Market! The Park Is In Immaculate Condition And Very Well Kept By The Manager. The Best Part Of This Sale Is That The Seller Is Willing To Provide Seller Financing At Amazing Terms. (Please See Page 5 For Full Seller Financing Details).

The Property Consists Of Severely Under Market Rental Rates For The Area, Making This An Incredible Value Add Opportunity For The Buyer. With Over Half Of The Current Tenants On Month To Month Leases, A Buyer Can Come In And Immediately Raise The Rental Rates And Increase Their Noi. The Current Rental Rates Are Approximately $200 $250 Lower Than The Average Rental Rate In This Rapidly Growing Area!

Presently, The Little Pepper Mobile Home Park Has An In Place Cap Rate Of Over 8.5% And A Cash On Cash Return Of Over 13%. Furthermore, By Using The Seller Financing Terms And Instantly Increasing Rental Rates, A Buyer Can Easily Obtain A Cash On Cash Return Of Over 15% In 2026 & Over 17% In 2027!

Seller Financing Approximate Terms:

Down Payment: $1,000,000!

Fixed Interest Rate: Year 1 2: 5% Year 3: 5.5% Year 4 5: 6%

Interest Only Payments Or

An Amortization Of 30 Years

Balloon Length: 5 Years

Monthly Debt Service As Low As $5,416!

The Owner And Manager Have Also Done A Fantastic Job Of Implementing And Executing Their Unit Specific Plan For Repairs And Maintenance That Is Easy For A New Buyer To Use Going Forward. This Will Prevent Large Capex Expenses From Piling Up In The Future! By Keeping Each Uint In Great Shape, A Buyer Can Budget Their Costs And Keep The In Place Cash Flow As High As Possible Year Over Year! Please See Below For The Full List Of Updates And Renovations To Each Unit! Please See Below For The Full List Of Updates And Renovations To Each Unit!

Recent Renovations In The Last 3 Years Include, But Are Not Limited Too, The Following: New Flooring (Vinal And Carpet), New Kitchen Appliances, New Interior And Exterior Paint On 12 Of The Units, Renovated Bedrooms, New Windows, Central Ac/Mini Split Maintenance And Improvements, New Roofs On Each Unit, Septic Tank Maintenance And Replacement For Each Unit, Electrical Updates And Panel Replacements, And Pest Control Treatment For Each And Every Unit. All Units Use Septic Tanks And Each Septic System Was Replaced In The Last 3 Years! The Owners Just Put In A Brand New Drain Field Covering All Units At The Park In Early 2025! Tenants Are Responsible For Their Own Electric, And A $55 Monthly Park Fee, Which Covers The Water Bill At The Park!

Located In Seffner, Florida, One Of The Fastest Growing Markets In The Tampa Area.

Tenants Pay All Utilities At The Property, Including Electric And Water!

The Property Sits On A 3+ Acre Lot, With The Potential To Expand The Amount Of Mobile Homes On Site, To Increase The Buyer's Overall Income.

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